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  1. #11
    Established TDF Member Chrisch's Avatar
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    Quote Originally Posted by Kermit View Post
    Should I buy an electric car? ...
    Only you can answer that. Do you want an electric car?

    We have a diesel estate which mostly goes to our place in France (pre-covid). This year with lockdown it has been parked up doing nothing for a long time. The MOT has just been done and the mileage for the last year was less than 3,000. I use it from time to time deliberately to keep the engine in good order - a nice run out, get all the parts up to proper temperature and so on. Without these "maintenance" miles I think it probably would have been nearer 1,000. In a normal year we do two trips to France and maybe 4-5k per trip at xmas and 3 ish at Easter. Owning the car is cheaper than a rental for the two trips.

    So, like you an electric would be OK. In fact nothing would be OK barring the loss of no claims discount. Motorbike and van suffice. An electric car makes sense for me as well other than the fact that the long periods standing about doing nothing will probably not be any less harmful to an electric than it is to a diesel. I have thought about it and cannot see what there is to gain from the EV. I have a company and can put it through that and have done the same calculations as Stuart and can be as tax efficient as possible. Truth is, on such a low mileage it doesn't make much odds as the company/private issue favours high mileage (VAT back on fuel) high cost and for low mileage you are better off claiming per mile.

    Environment wise the argument for EV is poor. It would not figure in my thinking. The CO2 load from manufacture is so high that the small gain in running is nonsense in the first 10-15 years of the vehicle's life.

    Sorry - that doesn't answer your question does it.
    We give £350m a week to the EU. Let's give it to Dido Harding instead.

  2. #12
    Established TDF Member Chrisch's Avatar
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    Quote Originally Posted by steelemonkey View Post
    I am looking at getting a steam powered vehicle.
    This is obviously the fuel of the future.

    https://www.edie.net/news/11/Cumbria...three-decades/
    Yes. User it to generate electric to power the car
    We give £350m a week to the EU. Let's give it to Dido Harding instead.

  3. #13
    Established TDF Member jamesp's Avatar
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    Quote Originally Posted by Stuart Keasley View Post
    Re buying it through the business, offsetting a car for privatee use against tax depends on how you buy it.

    - contract hire/lease hire then the contract hire charge plus 50% of the vat (based on you using it as a private vehicle). All the research I've done, the increased costs of contract hire lease hire (for single vehicle fleet) more than outweigh any tax benefit.
    - hire purchase/outright purchase, you can't claim the vat back on the purchase, full value Inc vat is registered as an asset, then written down across useful life, the write down becomes an expense.

    You can offset the full value of an electric car against profits in the first year if you wish.

    https://www.gov.uk/capital-allowance...ear-allowances

    All other expenses, ie insurance, servicing, repairs and maintenance will be picked up by the company.

    The other tax break is benefit in kind: electric vehicles are 0% of value at the moment, rising to 1% from April and 2% in 2022, so the personal tax hit is tiny.

    Thoughts?? I'm seriously considering it....
    Really?

    My Car lease (business) is way cheaper than the available personal offers, 3+23 profile, where as the personal deals were more like 6+23, and dearer per month.
    Cheaper to take an allowance from the business, and repay the lease personally.( the allowance is less than the BIK on my V90).
    Scale charges for reclaiming VAT on fuel dont work unless you are doing high mileage; at which point, lease plans dont work either: buy it out right.
    I had a hybrid previously, worst of both worlds; charging infrastructure is getting better, but only if you head south and east.
    I know a company running Teslas as fleet vehicles for their engineers, range anxiety is real in day to day life!

  4. #14
    Kit Junkie Kermit's Avatar
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    Thanks for the feedback people, very helpful. I think I'll not bother. Economy would have been the primary driver but that doesn't seem to be worth it. As far as "saving the planet" my old 130k mile Golf is well maintained, rust free and good for quite a few more miles. It needs the occasional expense as things wear out (brakes; disks and pads, HT leads, that sort of thing) but it seems more planet friendly to keep it going than to scrap it and a buy a new car plus it's cheaper overall.
    I'll think of something witty some time soon.

  5. #15
    bottlefish Stuart Keasley's Avatar
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    Quote Originally Posted by jamesp View Post
    Really?

    My Car lease (business) is way cheaper than the available personal offers, 3+23 profile, where as the personal deals were more like 6+23, and dearer per month.
    Cheaper to take an allowance from the business, and repay the lease personally.( the allowance is less than the BIK on my V90).
    Scale charges for reclaiming VAT on fuel dont work unless you are doing high mileage; at which point, lease plans dont work either: buy it out right.
    I had a hybrid previously, worst of both worlds; charging infrastructure is getting better, but only if you head south and east.
    I know a company running Teslas as fleet vehicles for their engineers, range anxiety is real in day to day life!
    Hmmm, thanks, my bad, was basing that observation on a like for like using VW Finance, however looking at eg Lex for lease/contract hire, it's a lot closer... will ponder further on that one...

    Re BIK, it's a killer on petrol and diesel, but 1% on electric, so becomes quite a saving, even compared to vehicle allowance and buying private
    Please visit bottlefish for my personal web site, Quay Cameras to chat to me about the cameras and kit that I sell

  6. #16
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    Quote Originally Posted by Stuart Keasley View Post
    VW ID.4 can tow 1000Kg
    Wouldn't even tow the caravan let alone the trailers I use . Basic 18ft 4 berth single axle caravan weighs more than 1000kgs.

    Also the next question as everybody talks about range anxiety is :- How much does range drop when towing plus if you think its hard now finding a charging point try finding one while towing a caravan or large trailer
    Last edited by colinicky; 18-02-2021 at 10:39 AM.
    I trust my rebreather implicitly I just don't trust the owner

    Onwards & downwards.

  7. #17
    bottlefish Stuart Keasley's Avatar
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    Quote Originally Posted by colinicky View Post
    Wouldn't even tow the caravan let alone the trailers I use . Basic 18ft 4 berth single axle caravan weighs more than 1000kgs
    Not one of the ones I was involved in filming, but still good fun none the less

    Please visit bottlefish for my personal web site, Quay Cameras to chat to me about the cameras and kit that I sell

  8. #18
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    Ah good old caravan Banger racing ! Brings back lots of happy memories of Speedworth racing & dirt tracks at Swale & Ringwood Race Way .
    I trust my rebreather implicitly I just don't trust the owner

    Onwards & downwards.

  9. #19
    Established TDF Member Chrisch's Avatar
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    Quote Originally Posted by colinicky View Post
    Wouldn't even tow the caravan let alone the trailers I use . Basic 18ft 4 berth single axle caravan weighs more than 1000kgs.

    Also the next question as everybody talks about range anxiety is :- How much does range drop when towing plus if you think its hard now finding a charging point try finding one while towing a caravan or large trailer
    Towing is a real issue for electric, especially as many smaller cars cannot have a tow bar due to the battery pack being in the way. My IT guy bought a Honda Jazz and wanted a bar for a bike rack but there is not one available. I am not sure I want to launch a boat down a slip and back the batteries into the sea either. The only answer is that "commercial" vehicles will still have to be diesel. So everyone that wants to avoid EV will buy a twatty pick up or monster 4X4 rather than a fuel efficient saloon or estate.

    Simply banning anything other than Euro 6 in all major cities would be much more effective than the current proposals.
    We give £350m a week to the EU. Let's give it to Dido Harding instead.

  10. #20
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    Monster 4x4s aren't commercial vehicles


 
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